The Cannabist Company Further Extends Forbearance Agreement With Senior Noteholders

Executive Summary

• The ad‑hoc group of noteholders for the Company’s 9.25% Senior Secured Notes and 9.00% Senior Secured Convertible Notes agreed to extend their forbearance period until February 27, 2026.
• Noteholders will also refrain from exercising any rights or remedies under the amended and restated indenture governing the notes during this extension.
• The extension provides the Company additional time to address its financial obligations while remaining in compliance with the previously announced forbearance agreement.

Key Details

• Notes Affected: 9.25% Senior Secured Notes due Dec 31, 2028 and 9.00% Senior Secured Convertible Notes due Dec 31, 2028 (collectively “the Notes”).
• Forbearance Extension Date: Until February 27, 2026.
• Noteholder Action: Agreed to further extend the forbearance period and to forgo exercising any rights or remedies under the amended and restated indenture during this time.
• Context: This action is a continuation of the previously announced forbearance agreement between the Company and its noteholders, aimed at providing temporary relief from covenant compliance and payment obligations.
• Impact: The extension does not alter the principal amount, interest rate, or conversion terms of the Notes but postpones any enforcement actions by noteholders, giving the Company additional operational flexibility.

Notable Quotes

(No executive quotes were included in the release.)